amex and kpool, page-22

thanks kpool and guys for hanging on there!


I would says let TZ drum up a few more POs and I am happy let a big gun takeover at $20-30/sh.

Just picked out some more TZ early this morning below 1.56

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See the latest "The Economist" (sept 27, 2008):

In short if govts buy equity in their banks (not the bad debts), then for every $10 injected into the bank, the multiplier effect is creating 10x credit = $100.

So if govts take stakes in their local banks - say
UK ($50b), EU(100b) and US ($700b), then there could be dramatic change in sentiment.

In USA alone the credit created is $7000,000,000,000 (7T).
Then the economic engine will start moving again.

(EU has agreed to proceed wit buying stakes in banks - latest news)

Then the irrational emotional panic of investors would ease, and 'coffee-shop doom & gloom talks' from TV and radios 'experts' would change their tunes, soon.

It may take a few months for dust to settle down.
http://www.businessweek.com/magazine/content/08_42/b4104028030821_page_2.htm


Are you the brave lion-hearted to pick some bargains:
(not for everyone tho)
Just ask

1.CBA bank CEO Ralph N, how he was rubbing his hands with glee and spoke beamimngly last week.
CBA bought Bankwest for a song, and the whole nego process took only 24 hours.
RN says the buy is a steal of a lifetime and BW is profitable to CBA bottom line from day one! Wow!

2.Why Citi lost the bid of Wachovia to Wells Fargo.
Citi says $1/sh (2.15b). WF says $7.sh 915b).
Guess who got it!
For ego sake, Citi is suing WF for .$50b

3.Japanes banks Mitsubishi picked up quality bits and pieces of a US rival bank for a song too.
Bargain-hunter!
The nego-process also took 24-48 hours.